Author: Karan Patel

This is the seventh post in our quarterly update series. In each post, we pick four stocks from our watchlist and share the latest updates on these businesses. These are not buy recommendations but we find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future under these two conditions —

Their business continues to do well and,

They are available at valuation which we find reasonable with sufficient margin of safety.

This is the sixth post in our quarterly update series. In each post, we pick four stocks from our watchlist and share the latest updates on these businesses. These are not buy recommendations but we find these businesses interesting and we may build position (or buy more of those that are already in our portfolio) in them in future under these two conditions —

Their business continues to do well and,

They are available at valuation which we find reasonable with sufficient margin of safety.

Ted Williams, one of the greatest baseball hitters in the history, also known as the “Splendid Splinter,” had a unique strategy. Like all worldclass performers, Williams studied the game intensively and devised a remarkable plan.

He broke down his strike zone into 77 baseball-sized “cells” and then meticulously charted his hit results across those cells. With this analysis he learned that his batting average was much better when he only went after pitches in his “sweet spot.”

So he would swing at only those balls that landed in his “sweet spot.” Of course, even with that knowledge, he couldn’t wait all day for the perfect pitch; if he let three strikes go by without swinging, he’d be called out.

Warren Buffett drew a very interesting analogy between Williams’ way of playing and how investing should be done.